Nevada_Executive_Budget_2013-2015

TREASURER - COLLEGE SAVINGS TRUST - The 529 College Savings Division administers two types of qualified 529 plans: the Nevada Prepaid Tuition
program and the Nevada 529 College Savings Plans program, as authorized by 26 U.S.C. § 529. The programs are designed to assist parents and students in taking advantage
of the Internal Revenue Service 529 College Savings Plans, which offer savings and tax advantages to account holders.
Division Budget Highlights:
1. Combine Campaigns for Marketing and Advertising - Costs are shared by the Higher
Education Tuition account and the Nevada College Savings Trust account to increase
awareness for the Nevada Prepaid Tuition Program and the College Savings Plan of Nevada
by emphasizing options to prepay future higher education tuition costs at today's lower prices.
2. Grow the Stabilization Reserve - The College Savings Board is requesting the transfer of
an additional $500,000 per fiscal year from the Nevada College Savings Endowment account
to the Higher Education Tuition account for the purpose of further growing the stabilization
reserve to a Best Practice mark of 120% funded status.
3. Increase Outreach and Education Activities - The College Savings Board is requesting
the transfer of an additional $50,000 per fiscal year from the Nevada College Savings
Endowment account to the Nevada College Savings Trust account to provide additional
resources for outreach and education activities.
Division Biennium Total by Funding Source
Funding
78% Other
22% Transfers
Division 2014 2015
Total $ 6,432,770 6,460,985
Total FTE 2.00 2.00
Division Biennium Total by Core Function
Core Function
90% Business Development
and Services
10% Education and
Workforce
Development
TREASURER'S OFFICE ELECTED - 193
TREASURER - COLLEGE SAVINGS TRUST